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Investors & landlords
Don't know how you were doing it in the past. There are many ways to do this. What works best for you, depends on how you have been reporting unit 1 over the last 5 years. Basically, you can leave the current entry alone and change absolutely nothing. Then enter the 2nd unit as it's own entity (single family) and adjust your cost basis for that entry accordingly.
‎December 28, 2020
1:56 PM
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